30 results
- 10 Apr 2023
FG bars online banks from accessing customers' photos and contacts
Federal government of Nigeria has banned Loan apps from accessing customers’ photos and contacts. From May 31, 2023 loan apps on Play Store will lose their ability to access their users’ contacts or…
- 27 Nov 2024
Google, Meta Criticize Australia's Rush to Pass Social Media Ban for Under-16s
Tech giants Google and Meta have called on the Australian government to delay a proposed bill that would ban children under 16 from accessing most social media platforms. The companies argue that…
- 21 Jun 2021
Nigeria and India Continue War of Words with Twitter
The complex consequences of unfettered access to social media and its opposite, banning social media, have been highlighted in recent news stories from India and Nigeria. According to Reuters, there…
- 15 Jun 2026
UK Bans TikTok, Instagram, Facebook for Under-16s in Landmark Crackdown
British Prime Minister Sir Keir Starmer has announced plans to ban children under the age of 16 from accessing major social media platforms, describing the move as necessary to protect young people…
- 3 Jul 2014
CBN Stops Loan Defaulters from Access to Credit
Central Bank of Nigeria (CBN) has banned banks and development banks from lending to loan defaulters of over N500 million, without its prior approval, according to circular signed by Mrs. …
- 10 Jul 2026
EU warns Meta over addictive Facebook, Instagram designs, threatens fines
European Union has warned Meta Platforms Inc. that it could face a significant financial penalty unless it changes what regulators describe as the “addictive design” features of Facebook and…
- 20 Sept 2021
Naira Slumps by 209 Per Cent in 6 Years
Despite the over $130bn deployed by the Central Bank of Nigeria (CBN) to defend the naira and a myriad of policies churned out to shore up its value over the past six years, the Nigerian currency has…
- 12 Feb 2026
Russia Blocks WhatsApp, Pushes State App Max as Alternative Amid Telegram Clampdown
Russia has confirmed the blocking of popular messaging platform WhatsApp, directing its citizens to switch to the state-backed Max messenger, in a move escalating restrictions on foreign digital…
- 2 May 2017
ATCON Seeks Immediate Removal of IT/Telecoms Equipments from 41 Restricted Items
The Association of Telecommunication Companies of Nigeria (ATCON) over the weekend called on the Central Bank of Nigeria (CBN) to review the foreign exchange restriction placed on 41 items imported…
- 10 Mar 2017
ERGP 2017- 2020: How FG Can Achieve 7% Economic Growth- Otunuga
Following the unveiling, on Tuesday, the much expected Economic Recovery and Growth Plan (ERGP) 2017-2020, Lukman Otunuga, research analyst at FXTM has admonished the Government on critical measures…
- 9 Nov 2017
Nigeria Requires Immediate Reform In Telecom Sector To Unleash Industry 4.0- Teniola
Olusola Teniola is the president, Association of Telecommunication Companies of Nigeria (ATCON); providing industrial leadership in steering the association' collaborations with government, civic…
- 19 Feb 2016
Exporters, Others Responsible for Haemorrhaging Naira- CBN
Central Bank of Nigeria (CBN) says autonomous sources such as exporters and correspondent banks now control the price of dollars in banks and the Bureau de Change (BDC) segment. Mr Mu’azu Ibrahim,…
- 4 Dec 2024
Firm Predicts AI, Privacy to Shape Consumer Cybersecurity Landscape in 2025
According to Kaspersky's latest report, artificial intelligence (AI) will become an integral part of daily life, while privacy concerns around biometric data and advanced technologies will take…
- 10 Jan 2022
Dictators in Africa Using Social Media to Cling to Power
Uganda's President Yoweri Museveni is suspected of using fake social media accounts to consolidate his power. He wouldn't be the only one in Africa. Is social media becoming a threat to democracy on…
- 3 Sept 2025
Loan Sharks to Face N100m Fine for Consumer Abuse, Data Privacy Breaches
Federal Competition and Consumer Protection Commission (FCCPC) has officially issued the Digital, Electronic, Online, or Non-Traditional Consumer Lending Regulations (DEON Consumer Lending…
- 17 May 2019
Market sentiment influenced by trade developments; Nigerian inflation rebounds in April
By Lukman Otunuga, FXTM Research Analyst, It is coincidental how Nigeria’s inflation rate accelerated in April, only a month after the central bank unexpectedly reduced interest rates for the first…
- 23 Jul 2021
FG Recants, Says Nigerians not Stopped from Using Twitter
Federal government told a Federal High Court in Lagos that it has not stopped Nigerians from using Twitter, social media platform. Abubakar Malami, attorney-general of the Federation, added that many…
- 22 Dec 2024
From Niche App to Global Giant: TikTok's Controversial Journey
TikTok’s rise from a niche video-sharing app to a global social media giant has sparked controversies worldwide, with concerns over its links to China and its influence on users and politics. In…
- 3 Feb 2026
Spain Bars Under-16s from Social Media in Digital Safety Crackdown
Spanish Prime Minister Pedro Sánchez has unveiled plans to ban children under 16 from social media platforms, mandating robust age verification systems as part of a sweeping legislative package to…
- 25 Mar 2021
FG’s Crackdown on Bitcoin Echoes Global Crypto Conundrum
The backlash against the Central Bank of Nigeria (CBN) directive on cryptocurrencies echoes a dilemma facing governments around the world: how to regulate Bitcoin and other cryptocurrencies without…
- 3 Jun 2015
Africa Urged to Use ICT Model to Leap-frog Energy Log Jam
If data is anything to go by, reports that some 750 million Africans rely on biomass for their daily energy needs clearly puts the energy sector on top of Africa’s development agenda. This concern…
- 8 Oct 2025
Denmark Moves to Ban Social Media for Under-15s
Denmark has announced plans to introduce a nationwide ban on social media use for children under the age of 15, in a bid to protect childhood and improve mental health among young people. Prime…
- 22 May 2026
Australian Court Upholds Fine Against X Over Child Safety Compliance Failures
An Australian federal court has upheld a fine against social media platform X over failures to comply with child internet safety regulations, bringing to an end a three-year legal dispute between the…
- 9 Aug 2024
Activist Drags FG to Court over Nigerians Rights to Use and Trade in Bitcoin, Others
James Otudor, Nigerian crypto activist, has taken a bold legal stance to fight for Nigerians’ fundamental rights to own, use, and trade in Bitcoin, USDT, and other cryptocurrencies. In an X post,…
- 29 Oct 2013
Nigeria Spends N1.05 trn on Importation of Vehicles in 2012- NAC
Alhaji Aminu Jalal, director-general, National Automotive Council (NAC) said that Nigeria spent about N1.05 trillion on the importation of vehicles and spare parts in 2012. Jalal said this yesterday…
- 16 Apr 2021
Capital Market Operators Get April 30 Deadline to Renew Licences
Securities and Exchange Commission (SEC), has given Capital Market Operators, CMO, April 30, 2021, as deadline to renew their operation licences. Mr. Lamido Yuguda, director general of SEC, who…
- 8 Dec 2016
Internet Access is Vital to Addressing Poverty, Climate Change – UN Scribe
Access to information and communications technology has been termed necessary to address the challenges of poverty and climate change. Ban Ki-moon, UN Secretary-General, stated this in his message to…
- 20 Apr 2025
SERAP Files Lawsuit Against NBC Over Ban on Eedris Abdulkareem's Protest Song Tell Your Papa
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the National Broadcasting Commission (NBC) over its ban on Eedris Abdulkareem’s song Tell Your Papa, which…
- 10 Aug 2016
CBN to Allow Banks Write-off Some Bad Loans this Year
Central Bank of Nigeria (CBN) is to allow banks to write-off bad loans this year that they have already made provisions for to help them to clean up their balance sheets. Pressure has been building…
- 7 Jun 2026
CBN Introduces N100m Fine for Banks Over Forex Documentation Violations
Central Bank of Nigeria (CBN) has introduced a N100 million penalty for banks and other authorised dealers that process foreign exchange transactions without adequate supporting documentation, as…